Norwood Park Housing: Median Sales Prices Increase By Double-Digit Percentages

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The median sales price for detached single family homes in Norwood Park increased 9.4% in the first 11 months of 2016 compared to the same period last year.  The median sales price in 2015 was $289,000, and increased to $316,050 in 2016.  It also took, on average, about 10 days less to sell a Norwood Park home this year.  The average market time for 2016 was only 69 days.  Closed sales held steady with a 2.1% increase the the number of homes sold.